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Technology Stocks : Hyperion Solutions (HYSL) - An Analytical Gorilla?

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To: Turs who wrote (222)10/13/1998 5:18:00 PM
From: Grabs  Read Replies (1) of 471
 
Found this brief summary from BT Alex Brown's Tech Conference.
Definitely some positive comments!

Produced by Christopher W. Mortenson 212-237-2432
and Michael Shea 212-237-2437
BT Alex Brown Incorporated

10/13/98

--Management was very upbeat and confident during their presentation and gave an update on the progress of the merger, outlined their vision for Hyperion in the year 2000, and once again addressed investor concerns regarding Microsoft Plato. Our sense is that the company's business is on track and Management stated that they are still comfortable with street estimates.

--Management stated that the overall market for their products continues to be strong and they have not felt any business slowdown. the demand for both tools and applications has been robust and they expect it to continue, even in light of global economic difficulties, due to the strategic and analytical nature of their products.

--The merger is on or ahead of schedule on all fronts. The sales forces are integrated, territory has been settled, year end bonuses have been paid, and attrition has been minimal. the product lines are being integrated and cross-selling opportunities should be aided by the release in C498, of "push-button" data export functionality out of Hyperion Enterprise or Hyperion Pillar into Hyperion Essbase.

--We believe that the company's shares are very inexpensive relative to our estimates, trading at 14.5 times our C98 EPs estimate and 10.6 times our C99 EPs estimate, a substantial discount to our projected 38% growth rate.

--Reiterate "strong buy" investment rating. No change in estimates.
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